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66 Hemi Charger at auction

Started by Ghoste, April 30, 2011, 02:55:41 PM

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Ghoste

There is a 66 Hemi Charger going to be auctioned today at the Carlisle auction.  No pics or other info yet but as soon as the auction is over I'll give a bid update.  It's a nice enough car so it'll be interesting to see what it brings.

Update:  It bid to 32,500 but didn't sell.  I suppose that means that in the public eye,the 1st gen Chargers are still the affordable Hemi cars?  The seller didn't agree obviously. 

Magnumcharger

I believe they still might be one of the best values in a Hemicar, but I'm thinking they would still have a premium over HP2 Satellites, GTXs, Coronet R/Ts, Belvedere Is and IIs...?

And $32,500 is still too low.
1968 Plymouth Barracuda Formula S 340 convertible
1968 Dodge Charger R/T 426 Hemi 4 speed
1968 Plymouth Barracuda S/S clone 426 Hemi auto
1969 Dodge Deora pickup clone 318 auto
1971 Dodge Charger R/T 440 auto
1972 Dodge C600 318 4 speed ramp truck
1972 Dodge C800 413 5 speed
1979 Chrysler 300 T-top 360 auto
2001 Dodge RAM Sport Offroad 360 auto
2010 Dodge Challenger R/T 6 speed
2014 RAM Laramie 5.7 Hemi 8 speed

Ghoste

Oh I agree he was right to keep it.  My observation was about the crowd not the seller.

stripedelete

In your opinion, why was this auction not a part of the "market speaking"?  Rain, cold, poor advertising, wrong venue?

Ghoste

Good question and  I think several factors.  Advertising being one and weather being a partial factor, I think the venue is a good one but it needs to be nurtured.  I have some other thoughts on the topic but they are probably better kept to myself.  I frequently say that an auction is an instant appraisal but obviously there are some that are far above the real world average and some see bidding well below.  Sometimes there are fantastically unrealistic reserves on cars and sometimes people blow things out for no reserve far under what a typical want ad would bring.
In this particular case I'd be much more interested to know your opinions and thoughts on the question.

stripedelete

Really,,,, no thoughts on it.  My intrest was, albeit small, as an economic marker.   As you know, an auction price can be a statement or be completely irrelevant (ie grandfather clock at a live stock sale).       

Ghoste

The marker thing entered my mind as well but I'm too unfamiliar with region to guess.  The actual consignments can be an indicator as well.  Is the grandfather clock irrelevant or is it being sold at the livestock auction because the main source of employment in town left and the clock owner is desparate and the auction was the first opportunity to pay a bill?  It's a simple and complex indicator all at the same time.
Taking my point back to original post I would have to add that this Charger wasn't #1 condition concours perfect but it sure wasn't a rusted out daily driver either.  It was a low 2 IMO.

ITSA426

I guess at that kind of money I wouldn't sell mine either.  If I were in a good mood it might buy my four speed L7 car but it's insured for more, so probably not.  I suppose selling price depends on how motivated the seller is as well as the potential buyer's interest and pocket book. 

FastbackJon

"This was the dedication of the altar, in the day when it was anointed, by the princes of Israel: twelve chargers of silver, twelve silver bowls, twelve spoons of gold..." -- Numbers 7:84 KJV